ELMO Software (ASX:ELO) Effective Interest Rate on Debt % : 8.00% (As of Jun. 2022)

View and export this data going back to 2017. Start your Free Trial

What is ELMO Software Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. ELMO Software's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was A$5.56 Mil. ELMO Software's average total debt for the quarter that ended in Jun. 2022 was A$69.55 Mil. Therefore, ELMO Software's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 8.00%.

ELMO Software Effective Interest Rate on Debt % Historical Data

The historical data trend for ELMO Software's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ELMO Software Effective Interest Rate on Debt % Chart

ELMO Software Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

9.22

0.36

-1.19

6.52

ELMO Software Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-4.07	5.12	-5.01	3.96	8.00

Competitive Comparison of ELMO Software's Effective Interest Rate on Debt %

For the Software - Application subindustry, ELMO Software's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ELMO Software's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, ELMO Software's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ELMO Software's Effective Interest Rate on Debt % falls into.

ELMO Software Effective Interest Rate on Debt % Calculation

ELMO Software's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * -4.013	/	( (54.196	+	68.865)	/ 2 )
=	-1 * -4.013	/	61.5305
=	6.52 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.155	+	4.041
=	54.196

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.04	+	5.825
=	68.865

ELMO Software's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * -5.564	/	( (70.232	+	68.865)	/ 2 )
=	-1 * -5.564	/	69.5485
=	8.00 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65.177	+	5.055
=	70.232

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.04	+	5.825
=	68.865

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ELMO Software (ASX:ELO) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

ELMO Software Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of ELMO Software's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

ELMO Software (ASX:ELO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ELMO Software Ltd (ASX:ELO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 George Street, Level 27, Sydney, NSW, AUS, 2000

Website

https://www.elmosoftware.com.au

ELMO Software Ltd provides Software-as-a-Service (SaaS), cloud-based Human Resources (HR), payroll and expense management solutions. The business operates in two segments, mid-market through the ELMO platform, and small business through the Breathe platform. The company develops, sells, and implements a range of modular software applications to manage human resource-related processes; recruitment, onboarding, performance management, learning and development, succession planning, and others. It also provides HR core, a software module for people management, and employee self-service.ELMO has business operations in Australia, New Zealand and the United Kingdom. Geographically, Australia contributes to the majority of total revenue.

ELMO Software (ASX:ELO) Headlines

No Headlines